By selling a pair of earrings at a discount of 25% on the marked price, a jeweler makes a profit of 16%. If the profit is ₹96, what is the cost price? What is the marked price and the price at which the pair was eventually bought?
Answers
Answer:
Given, Earrings are bought at 25% discount Profit percent of seller = 16% Gain = Rs 48 So, by using the formula, Gain% = (gain/CP) × 100 16 = (48/CP) × 100 16/100 = 48/CP CP = (48×100)/16 = Rs 300 Now, CP = Rs 300 Cost price of the earrings = Rs 300 Profit = Rs 48 Profit = SP – CP SP = Profit + CP = 48 + 300 = 348 Given, additional discount of 25% By using the formula MP = (100 × SP) / (100 – Discount %) = (100 × 348) / (100 – 25) = (100 × 348) / 75 = 34800/75 = Rs 464 ∴ Marked Price is Rs 464, CP is 300 and Final selling price is 348.Read more on Sarthaks.com - https://www.sarthaks.com/668703/by-selling-pair-of-earrings-at-discount-of-25-the-marked-price-jeweller-makes-profit-of-16
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Answer:
Given, Earrings are bought at 25% discount Profit percent of seller = 16% Gain = Rs 48 So, by using the formula, Gain% = (gain/CP) × 100 16 = (48/CP) × 100 16/100 = 48/CP CP = (48×100)/16 = Rs 300 Now, CP = Rs 300 Cost price of the earrings = Rs 300 Profit = Rs 48 Profit = SP – CP SP = Profit + CP = 48 + 300 = 348 Given, additional discount of 25% By using the formula MP = (100 × SP) / (100 – Discount %) = (100 × 348) / (100 – 25) = (100 × 348) / 75 = 34800/75 = Rs 464 ∴ Marked Price is Rs 464, CP is 300 and Final selling price is 348.Read more on Sarthaks.com - https://www.sarthaks.com/668703/by-selling-pair-of-earrings-at-discount-of-25-the-marked-price-jeweller-makes-profit-of-16